INVESTMENT WATCH- Saudi Arabia’s Savola Group is planning to increase its investments in Egypt over the coming period to keep up with rising demand for its products, Group CEO Bader Hamad Al Aujan tells Al Shorouk. The company, which says it has about EGP 28 bn in investments in Egypt, will add more production lines and upgrade existing facilities to boost production, Al Aujan adds, without disclosing any details on cost or specific products. Savola’s decision came after a meeting with Egypt’s Supply Ministry, which is looking to fill a gap in the oil and sugar industries, according to Al Aujan.

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